Exhibit 10.4
GLOBIS ACQUISITION CORP.
AMENDMENT NO. 4 PROMISSORY NOTE
THIS AMENDMENT NUMBER 4 OF NOTE (this “Amendment”) is entered into effective as of December 29, 2021, by Globis Acquisition Corp., a Delaware corporation (“Maker”), and Globis SPAC LLC, a Delaware limited liability company (“Globis SPAC”), or its designees.
RECITALS:
WHEREAS that certain Promissory Note, dated January 11, 2021, in the original principal amount of $1,000,000.00 (the “Note”) executed by Maker payable to Globis SPAC; and
WHEREAS, the Note was amended by Amendment No. 2 on July 19, 2021 to increase the principal amount of the Note to $2,000,000; and
WHEREAS, the Note was amended by Amendment No. 3 on October 13, 2021 to increase the principal amount of the Note to $3,000,000; and
WHEREAS the parties desire to further amend the Note to increase the principal amount of the Note to $5,000,000, and each party acknowledges the mutual benefits of so amending the Note;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
| 1. | The Principal Amount of the Note is hereby increased to $5,000,000. |
All other terms of the Note, as amended, shall remain in full force and effect.
[Signature Page Follows]
EXECUTED as of the day and year first above written.
| GLOBIS ACQUISITION CORP. | ||
| a Delaware corporation | ||
| By: | /s/ Paul Packer | |
| Name: | Paul Packer | |
| Title: | Chief Executive Officer and Chief Financial Officer | |
| GLOBIS SPAC LLC | ||
| a Delaware limited liability company | ||
| By: | /s/ Paul Packer | |
| Name: | Paul Packer | |
| Title: | Manager | |
SIGNATURE PAGE TO AMENDMENT NO. 4 TO PROMISSORY NOTE